CP Rail remains star
The S&P/TSX composite index fell into the red 9.41 points to greet noon at 15,216.93, after a surge of 145 points on Wednesday.
The Canadian dollar slipped
The Canadian benchmark index has gained about 12% this year, driven by a rally in shares of oil and gas companies and gold miners.
CP Rail climbed 3.6% to a record high for the stock after reporting an increase in second-quarter earnings as it worked to recover from backlogs and a harsh winter. Late in the morning, it was trading at
The gold-mining sector climbed with the bullion price. Goldcorp rose 1.4% to
Among energy producers, Canadian Natural Resources was up 0.3% at
Loblaw Cos named Executive Chairman
The market had opened lower on concerns about the implications of a wave of sanctions that Western powers imposed on
On the economic front, Statistics Canada reported this morning that foreign investors bought up
Seven of the 14 Toronto subgroups were lower at noon, as energy stocks dwindled 0.9%, global base metals dropped 0.8%, and consumer discretionary stocks slid 0.4%.
The half-dozen gainers were led by gold, up 2.1%, materials, picking up 1.2%, and industrials, up 0.8%.
Telecoms were flat at noon hour.
Markets in the U.S. were spooked Thursday after news broke of another jet airline crash.
The Dow Jones Industrials lurched lower 71.74 points to 17,066.46.
The S&P 500 skidded 12.90 points to 1,968.67, and the NASDAQ composite tumbled 37.73 points to 4,338.24
Microsoft announced a staggering 18,000 job cuts to come this morning. The move signals that new CEO
In other tech news, flash drive maker Sandisk is getting hammered to the tune of an 11% drop in early trading. The company beat on earnings and revenue this quarter, but that wasn't enough to satisfy
Barbies and Hot Wheels aren't entertaining kids like they used to. Mattel saw tepid growth that was far less than
One bright spot for the company is American Girl doll sales, though it's a small part of the company's business.
After rejecting an
Morgan Stanley, the last big American bank to report earnings this quarter, did better than
Economically speaking, the
Meantime, the number of housing starts and building permits issued in June declined 9.3% to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September, that word from the
Economists polled by Reuters had forecast starts rising to a 1.02 million-unit rate last month.
Prices for 10-year U.S. Treasuries gained ground, lowering yields to 2.48% from Wednesday's 2.54%. Treasury prices and yields move in opposite directions.
Oil prices remained positive
Gold prices hiked
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